| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15647 |
| DP15647 Why Does Capital Flow from Equal to Unequal Countries? | |
| Sergio de Ferra; Federica Romei; Kurt Mitman | |
| 发表日期 | 2021-01-07 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Capital flows from equal to unequal countries. We document this empirical regularity in a large sample of advanced economies. The capital flows are largely driven by private savings. We propose a theory that can rationalize these findings: more unequal countries endogenously develop deeper financial markets. Households in unequal counties, in turn, borrow more, driving the observed direction of capital flows. |
| 主题 | International Macroeconomics and Finance ; Monetary Economics and Fluctuations |
| 关键词 | Inequality Current account Capital flows |
| URL | https://cepr.org/publications/dp15647 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544659 |
| 推荐引用方式 GB/T 7714 | Sergio de Ferra,Federica Romei,Kurt Mitman. DP15647 Why Does Capital Flow from Equal to Unequal Countries?. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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